Premium Pricing of Liability Insurance Using Random Sum Model
Journal Title: Eksakta: Jurnal Ilmu-Ilmu MIPA - Year 2017, Vol 17, Issue 1
Abstract
Premium pricing is one of important activities in insurance. Nonlife insurance premium is calculated from expected value of historical data claims. The historical data claims are collected so that it forms a sum of independent random number which is called random sum. In premium pricing using random sum, claim frequency distribution and claim severity distribution are combined. The combination of these distributions is called compound distribution. By using liability claim insurance data, we analyze premium pricing using random sum model based on compound distribution
Authors and Affiliations
Keywords
Related Articles
- EP ID EP545299
- DOI 10.20885/eksakta.vol17.iss1.art5
- Views 130
- Downloads 0
Green Catalysts Activities of CaO Nanoparticles from Pinctada maxima Shell on Alcoholysis Reaction
Pinctada maxima shells from West Nusa Tenggara has natural minerals called calcite that can be decomposed into CaO compounds as a green catalyst that heterogeneous, base and environmentally friendly. CaO compounds in the...
Conversion of Carbon Dioxide to Ethanol by Electrochemical Synthesis Method Using Brass as A Cathode
The effect of potential and gas flow rate were investigated to determine the optimum conditions of the electrochemical synthesis process to convert carbon dioxide to ethanol. The conversion process is carried out using a...
Survival Analysis of Child Patient Diarrhea Using Kaplan Meier Method and Rank Log Test
Diarrhea being one of public health problems that important because it is third major contributor the pain children in various countries including indonesia. This research using data from islam hospital medical record ja...
ANALYSIS OF FACTORS AFFECTING THE HUMAN DEVELOPMENT INDEX IN WEST KALIMANTAN PROVINCE USING DATA PANEL DATA REGRESSION
Development in the country is growing including in the West Borneo Province. However in 2015, the achievement of human development at the National level is quite low, while the District and City varied considerably. Huma...
Optimation Of Ethanol Extract Of Centella Asiatica And Cresintia Cujete Composition As Natural Antioxidant Source
The development of natural antioxidants in the Pegagan (Centella asiatica) and Majapahit (Cresintia cujete) is a great potential. This research has been optimizing the composition of ethanol extract of Centella asiatica...